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: is there any possibility ben bernanke and tim geithner could both be replaced? from what i have read, they both have a background or some dealings with the basics and will street. my impression is they are in bed with big banks in wall street and favor them. their policies have always favored those guys. that may be part of the reason they were never held accountable for the things that happened five in 2008. guest: there is no doubt they did work together on the tarp legislation during the financial collapse of late 2008. ben bernanke was the chairman of the federal reserve. tim geithner it was the head of the federal reserve. i cannot remember whether ben bernanke's term is coming up in 2014. there is talk that tim geithner may be the next fed chair. it is quite likely we will have a new fed chair some time during obama's second term. host: when you say chatter, is this the white house getting that out to reporters? guest: like wall street, people talk. if ben bernanke were to leave the fed, tim geithner would be a natural candidate. it would be natural he would be considered. whether he woul
-called fiscal cliff was coined by ben bernanke. the story from "roll call." "it could be reached over this weekend." were heard from the house rules committee chairman yesterday. they are taking steps in advance to extend these tax cuts. a deal could be on the floor today if there is an agreement. from "the washington times" this morning. "offers fly, but still no agreement" is the headline. mitch mcconnell bypassed senator reid to speak directly to the vice president. host: mark is joining us. your thoughts from manassas, a virginia. caller: good morning. thank you for c-span. we voters know this country has a lot of issues going forward. if they can take a bite out of these difficult issues one at a time, how will they make sure this country is put on a better footing? this is item number one in a list of hundredsd. -- in a list of hundreds. they are not willing to raise any taxes. just rolling back some of the bush-era tax cuts. when you're having issues, you have to make tough choices. host: thank you for the call. the damage may be done. some of the comments yesterday. [video cli
could get really volatile next week if ben austen this situation. host: cliff talks down to the wire. guest: that's right. majority leader harry reid yesterday said we might not even have time to get a deal even if we reach an agreement, just because of the mechanics of the house and senate and how long it takes to pass legislation. i think if they get a deal, they can somehow get it through. there's no room for error. if they come out of the meeting at the white house today and everyone shrugged their shoulders and says there's no way we can do this, that sends a signal to the american people that we are going over the cliff. you think?doe guest: we're going over the cliff probably. republicans are so dug in on this issue. they got into the house and senate based on their views on taxes, medicare, social security. it is hard to imagine in the next three days they will have some huge concession and reversed the views they have held 20, 30, 40 years. at the same token, maybe they will say what will happen to the economy is so damaging that i have to compromise my position, and that wi
are nothing but criminals, the better. host: and from this, the term fiscal cliff originally came from ben bernanke. let's hear what president obama said last night before heading back to his vacation in hawaii. [video clip] >> more than 98% of americans and 97% of small businesses under this law will not see their income tax rise. millions of families will continue to receive tax breaks to help raise their kids and send them to college. companies will continue to receive tax credits for research they do and investments they make and the clean energy jobs they create. 2 million americans out of work that are out there looking every day will continue to receive unemployment benefits as long as they are actively looking for job. but i think we all recognize this lot is just one step in the broader effort to strengthen our economy and brought an opportunity for everybody. -- this law. the fact is the deficit is still too high. we are still investing too little in the things that we need for the economy to grow as fast as it should. that is why speaker john boehner and i originally tried to ne
Search Results 0 to 3 of about 4